Alaska Admin. Code tit. 12, § 04.620
Exceptions to peer review reporting requirements
Effective Apr 12, 2024Alaska Register 250(Eff. 7/27/97, Register 143; am 11/2/2001, Register 160; am 10/16/2011, Register 200; am 1/4/2017, Register 221; am 4/19/2019, Register 230; am 4/12/2024, Register 250)
(a) A permit holder is exempt from the peer review requirements under 12 AAC 04.600 if
- (1) the permit holder did not issue reports on audited or reviewed financial statements during the concluding permit period; or
(2) the report on audited or reviewed financial statements was
- (A) the permit holder's first report during the permit period; and
- (B) was issued within the last 12 months of the concluding permit period.
- (b) A permit holder who is exempt under (a)(2) of this section must undergo a peer review as set out under 12 AAC 04.600 within 18 months after the date of the first completed report on audited or reviewed financial statement.
- (c) If a firm is merged, otherwise combined, dissolved, or separated, the organization administering the peer review shall determine which firm is considered the succeeding firm. That determination is subject to review by the board. The succeeding firm shall retain its peer review status and its peer review due date.
(Eff. 7/27/97, Register 143; am 11/2/2001, Register 160; am 10/16/2011, Register 200; am 1/4/2017, Register 221; am 4/19/2019, Register 230; am 4/12/2024, Register 250)